Many Pensacola Beach residents to see a discount on flood insurance
CBS - 5 WKRG (Mobile, AL)
PENSACOLA BEACH, Fla. (WKRG) — Many Pensacola Beach residents will be eligible for a discount on flood insurance.
According to a press release from the Santa Rosa Island Authority, Pensacola Beach has retained its Class 5 rating in the National Flood Insurance Program's Community Rating System. The Federal Emergency Management Agency's website states that communities can be eligible for flood insurance discounts depending on how many points they receive.
"Classifications are based on the community's CRS credit points obtained in 19 creditable activities. The CRS activities are organized in four categories:"
* Public information
* Mapping and regulations
* Flood damage reduction
* Warning and response
Since the Pensacola Beach community received a Class 5 ranking, the community qualifies for a 25% discount on flood insurance premiums for most NFIP policies issued or renewed on or after Oct. 1, 2024, according to the release.
"This recognition is a testament to the dedication of our staff and the community at large in their commitment to enhancing public safety, protecting properties, and preserving the natural functions of floodplains," SRIA Executive Director Leigh Davis said. "The discount that many of our residents will receive on their flood insurance premiums makes our work in maintaining this rating worthwhile."
Long-Term Care Insurance Association Releases 2024 Short-Term Care Price Index
NOTICE TO ATTEND THE ANNUAL GENERAL MEETING
Advisor News
- Why advisors should offer retirement-longevity planning
- A hybrid approach outperforms the 4% Rule, researchers find
- The missing piece in most retirement plans
- Clients are bringing TikTok insurance advice into advisor meetings
- Embracing a family-centric approach to financial planning
More Advisor NewsAnnuity News
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
- Investigation finds deceptive sales, churning of annuities targeting postal workers
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- AM Best Affirms Credit Ratings of PT KB Insurance Indonesia
- Westaim Reports Q2 2026 Results for the Quarter Ended June 30, 2026 and Leadership Update for Ceres Life Insurance Company
- Bismarck man convicted of insurance fraud involving dead wife sentenced to prison
- Insurers, rating firms push back on NAIC credit rating oversight plan
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
More Life Insurance News